Michael Owen Cost Newcastle £1.3M For Every Goal Scored

Former Newcastle Chairman Freddy Shepherd has been telling the truth today and he says the deal for Michael Owen was the worst deal he ever did in his 10 years as Newcastle Chairman.

Michael Owen – while at Newcastle

We’ll go a little bit further,  and say it could rank as the worst deal ever in the Premier League, and of course that’s all in hindsight,  because when Michael  first arrived on Tyneside, every Newcastle fan was delighted and almost 25,000 fans turned up to welcome him to St. James’ Park.

We don’t know if Alex Ferguson will include Owen in his squad for the game on Tuesday night, which Ferguson is labeling as the biggest game of  the season for Manchester United  – but why is he saying that?

And our little psychology of hoping the Red Devils would win yesterday and come with an 8 game winning streak to St. James’ Park, and therefore have less chance of making it 9, has been blown out of the water – but it wasn’t too logical or bright in the first place. 😀

Freddy Shepherd, who we compliment for being so honest this morning, talked to the Sunday Sun today about the Michael Owen catastrophic deal:

“It was probably the worst deal I did at Newcastle.” “That is just being frank. We paid £16M and we didn’t get £16million worth of value out of him.”

“It was a nightmare from an injury perspective.” “And there was no added value off the pitch . . . the added value was nil off the pitch.”

“I’m not having a go at the kid as he was fine when he got on the pitch.” “He came with great hopes, and people have subsequently said it wasn’t such a good deal.”

“But hindsight is a great management tool.”

We thought the fee was £17M, but with a £16M transfer fee and a weekly wage of around £110K/week, the total cost in his wages over four years would be just under £23M.

Michael played only 79 times for Newcastle with 30 goals scored.

And even when he could have made it all worthwhile by firing in a few goals to save Newcastle from relegation two years ago –  in their time of need – his last goal was scored in January of 2009, and he couldn’t even get a starting place in the side in the last several games of the season.

The total cost of Michael to Newcastle was £16M plus £23M which is £39M over the four years.

So the cost of each goal to Newcastle was £1.3M and each appearance cost the club £494K, almost half a million pounds each.

Michael is now warming the bench for Manchester United, and is even sometimes seen in training, to remind us all that  he’s still around, but also of his rather dramatic fall down the football ladder.

He is now worth £40M in terms of personal wealth, second only to David Beckham in terms of the wealthiest British footballer.

But in terms of playing football he’s made only 122 first class club appearances since August of 2005, when he was signed by Newcastle United.

That just about tells the sorry story of Michael over almost the last six seasons, and the very last thing we want is for him to play on Tuesday night and score against the Magpies.

That would be like rubbing salt into the wounds.

18 comments so far

  • BiffBaffBoff

    Apr 17, 2011 at 1:25 PM

    Comment #1

    Serious injuries and lack of confidence have gotten the better of him, a shame really because at Liverpool he was great and even his record at us with 30 goals in 79 appearences is good, but good for a player in 2 seasons, not 4-5 which is the length of time he was at us for.

  • Partizan

    Apr 17, 2011 at 1:32 PM

    Comment #2

    1 hat trick = Cheikh Tiote 🙂

  • roshan MAGPIE

    Apr 17, 2011 at 1:43 PM

    Comment #3

    owen is the greedyest FOOTBALLER ever lived

  • Nathaaan

    Apr 17, 2011 at 1:45 PM

    Comment #4

    If he scores against us it will really rub salt into that 40m !!

  • acuna

    Apr 17, 2011 at 1:53 PM

    Comment #5

    id like to see him get the nod.less of a threat than hernandez thats for sure.sorry for my ignorance but is rooney suspended for tuesday..

  • Thump

    Apr 17, 2011 at 1:58 PM

    Comment #6

    I don’t think so acuna.

  • steve999

    Apr 17, 2011 at 2:00 PM

    Comment #7

    Why dont you mention the £10m we got from the FA in compensation for an injury he picked up playing for England.

    Why dont you mention the great goal he scored against the mackems?

    Owen was a good player for us, he didnt asked to get injured ffs.

    Shearer was out for long periods with injury, but didnt get any stick for it,

    Why do these morons pick on Owen? He scored 30 goals in 65 starts for NUFC.

    Get off the lads back.

  • MacToon

    Apr 17, 2011 at 2:01 PM

    Comment #8

    Don’t forget the compensation we got from the FA when he got injured playing for England!

    So he went from EMO to the little waster!

  • Sav

    Apr 17, 2011 at 2:11 PM

    Comment #9

    It was almost worth it for the annoyance it gave to Liverpool FC. Unfortunately, they are having the last laugh by taking OUR young England striker – and he’s not a sick-note.

  • dave 1961

    Apr 17, 2011 at 2:12 PM

    Comment #10

    A parasite would be the most appropriate name for him, and hard to talk about him without using foul language. Fat Freddy summed it up when he says the parasite did not want to play for Newcastle but we were the only ones daft enough to pay him crazy money.

  • MacToon

    Apr 17, 2011 at 2:20 PM

    Comment #11

    “Owen’s long injury absence after the 2006 World Cup resulted in a dispute between FIFA and The FA and Newcastle United, and eventually resulted in an unprecedented £10m compensation award to Newcastle……..”

    I didn’t realise it was so much, I though £7-8 million.

  • MacToon

    Apr 17, 2011 at 2:21 PM

    Comment #12

    Mind you, I’m not defending him just trying to get the facts right.

  • MacToon

    Apr 17, 2011 at 2:29 PM

    Comment #13

    So the cost of each goal to Newcastle was £966,666 and each appearance cost the club £367K

    Still outrageous.

  • shearermania

    Apr 17, 2011 at 2:55 PM

    Comment #14

    i was so exited when we signed him and then that goal against west ham…..i though we had it…shearer & owen…

    boy i was wrong – am i the only one who feel raped.
    i feel dirty, like someone been using me time after time. like thrash, unwanted, betrayed.
    I (nufc) am not that bad, i might not be the prettiest, but ill worship the ground you walk on if you show me just a bit of affection…..
    but no mr Owen – it wasnt to be…..you never liked my looks in the first place …..
    .hope the next love will be a happier one

  • Lee Dodd

    Apr 17, 2011 at 8:49 PM

    Comment #15

    He was The Same at Liverpool They Wanted Shot of him to Madrid and has Never Changed Never Will.. All He wants Is Money Money Money !!!!!! I have had it from His Old Man Directly he is Only Interested in Horses Now !!! Hope He Gets Some Right Stick On Tuesday Night The Money Grabbing Judas Same as Liverpools New Striker !!! Lets Ram it down Fergies Big Gob !!! NUFC 2 MUFC 0 ….

  • jimiley

    Apr 17, 2011 at 10:41 PM

    Comment #16

    Its not Owens fault that we agreed the transfer and to pay him that much money. That was the going rate for him at the time. I bet he regrets coming here more than anybody. It killed his career. The one thing the Toon guarantees is no trophies and mediocrity.

  • jimiley

    Apr 17, 2011 at 10:47 PM

    Comment #17

    Lee Dodd,
    All players only want money. Shearer may be the only exception but I bet he would have gone to Manure if he had known he would win nowt at NUFC. He should have known better. We always win nowt. With hindsight he would have gone to Manure and then come to NUFC in the twilight of his career to claim the no 9 shirt. Shearer will say otherwise but I do not believe him. The no 9 shirt at NUFC or championships and European Cups at Manure and then coming to NUFC? All players go after the dosh and Owen is no exception. Lay off the bloke. He is no better or worse than every player. At least he does not kiss the badge.

  • Constanstine

    Apr 18, 2011 at 8:39 PM

    Comment #18

    Is it really Owen’s fault of his poor career at Newcastle? We’re the one who signed the paper and at that moment Owen was definitely the right choice. Every player wants money, some arsenal youngsters are already demanding 100k+ wages and Rooney already gotten his 250k a week. I’m sure Owen would trade anything to play for England. We all know how much he wants to break that record. At the moment we still got some bad deals which are being overlooked. Smith and Xisco together made 100k per week from our club when Xisco made less 5 appearances since joining and Smith’s last game for us was last year.


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